Let to Superdrug Plc (by way of recently completed Lease Renewal)
5 year lease from September 2021
(subject to option)
Tenant in occupation for over 25 years
Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots the Chemist
Approximately 300m from Glossop Train Station
Historic Peak District Market Town
Lot 27
Auction 13th December 2021
Rent
Status Sold
Price £425,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 Miles South-East of Manchester
24 Miles North-West of Sheffield
Roads
A57, M67 (J4)
Rail
Glossop
Air
Manchester Airport
Situation
Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated on the south side of High Street West within approximately 300m of Glossop Railway station. Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots.
Tenure
Freehold.
Location
Miles
13 Miles South-East of Manchester
24 Miles North-West of Sheffield
Roads
A57, M67 (J4)
Rail
Glossop
Air
Manchester Airport
Situation
Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated on the south side of High Street West within approximately 300m of Glossop Railway station. Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
197.79 sq m 71.90 sq m
(2,129 sq ft) (774 sq ft)
SUPERDRUG STORES PLC (1)
5 years from 24/09/2021 (2) on a full repairing & insuring lease
£35,300 (3)
Total
269.69 sq m
(2,903 sq ft)
£35,300 (3)
(1) For the year ending 26/12/2020, Superdrug Stores Plc reported a turnover of £1,111,403,000, pre-tax profits of £18,763,000 and total shareholder's equity of £321,635,000 (NorthRow 17/11/2021). (2) The lease is subject to a tenant option to determine on 24/09/2024. (3) The tenant is paying half rent until 29/06/2022, after which the rent reverts to £35,300 pa. The Vendor has agreed to top up the completion monies so that the property produces £35,300 pa from completion of the sale until the half rent period ends. Please see Special Conditions of Sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.